Baltic states not interested in Nord-Stream

Jun 12, 2007 02:00 AM

Baltic states are not interested in participation in Russian-German natural gas pipeline project Nord-Stream, the prime ministers of the Baltic states said. Latvian Prime Minister Aigars Kalvitis said the infrastructure of natural gas supply to Latvia allows the country to feel secure and there is no need to look for alternative supply options.
Estonian Prime Minister Andruss Ansip said Estonia's natural gas supply is sufficient and can be increased. Ansip said Estonia would like to be involved in the discussions surrounding the project but does not want to participate as this would mean additional risk, for example in the danger of environmental pollution.

Russian gas giant Gazprom and German companies E.ON and BASF signed an agreement in September last year to build a EUR 4 bn natural gas pipeline from Russia to Germany, bypassing the Baltic states and Poland. The pipeline will instead cross Finland, Sweden and Denmark.
The agreement drew sharp criticism from Latvian statesmen and officials from other countries, who expressed concern that it will not give opportunity to charge fees for the transit of natural gas from Russia and endanger their energy security.

Construction of a pipeline branch to the Baltic states has been discussed as well.
The construction of the overland stretch of the pipeline began in December 2005. The first stage of the construction is to be completed in July 2010 with the pipeline reaching annual capacity of 27.5 bn cm of gas. By 2012 the capacity is to be raised to 55 bn cm a year.

Source / AFX News Limited
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